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  • Imperial Mining Group (IPG) has filed a technical report detailing the PEA of the Crater Lake Scandium-Rare Earth Project in Québec
  • Highlights of the report include estimated gross metal revenue of the minerals produced total $15.2 billion over the life of the project
  • Pre-tax net present value of $2.97 billion
  • Total mined metal production of 110 t Sc2O3, 57,298 t of ScAl Master alloy and 23,578 t of REE hydroxide concentrate
  • Imperial is a Canadian mineral exploration and development company focused on the advancement of metals projects in Québec
  • Imperial Mining Group (IPG) opened trading at C$0.065

Imperial Mining Group (IPG) has filed a technical report detailing the Preliminary Economic Assessment (PEA) of the Crater Lake Project.

The Scandium-Rare Earth project is located east of Schefferville, Québec.

The technical report, titled “CRATER LAKE SCANDIUM PROJECT, PRELIMINARY ECONOMIC ASSESSMENT: NATIONAL INSTRUMENT(NI) 43-101 REPORT” was prepared for Imperial Mining Group Ltd. by WSP Canada.

Highlights:

  • Gross metal revenue of the minerals produced total $15.2 billion over the life of the operation
  • Gross earnings after-tax is $6.25 billion
  • The project has a pre-tax net present value (NPV) of $2.97 billion and an after-tax NPV of $1.72 billion
  • Pre-tax internal rate of return (IRR) is 42.9 per cent and an after-tax IRR of 32.8 per cent
  • Annual Net revenues average $608.0 million 
  • The pre-tax capital payback is 2.5 years from the start of production
  • Total mined metal production over a minimum 25-year mining life is expected to be 110 t Sc2O3, 57,298 t of ScAl Master alloy and 23,578 t of REE hydroxide concentrate

Imperial is a Canadian mineral exploration and development company focused on the advancement of metals projects in Québec.

Imperial Mining Group (IPG) opened trading at C$0.065.


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